DiamondCorp received about £ 1.5 million after-subscription investors to 24,851,673 new ordinary shares at a price of 6 pence per share. The company continues to increase commercial production of diamonds from the underground part of the mine Lace (Lace) in South Africa.
The net proceeds from the offering will be used for working capital, the company said.
Operational cash flow Diamondcorp recently been limited after the recent unplanned capital expenditures.
The company reported that in April last year, she has experienced operational difficulties with the existing earthmoving equipment with an increase in the volume of industrial production from the underground kimberlite at the Lace mine.
"Directors have studied and worked for a number of opportunities to raise additional capital without further recourse to the shareholders", - said in DiamondCorp.
"However, none of the options was not available the company at a reasonable price and in a timely manner," - added to the company.
It is planned that the upper block K4 Lace mine will produce 30,000 tonnes of kimberlite per month, which will be loaded onto the conveyor belt from the current month.
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57th in a row Fair gems and jewelry in Bangkok will begin on February 24 at Impact Muang Thong Thani Exhibition Center.
Passing biannual trade show, organized by the Confederation of jewelry, precious stones and metals Thailand (Gems, Jewelry and Precious Metal Confederation of Thailand, GJPCT), the Thai Association of dealers in precious stones and jewelery (Thai Gem and Jewelry Traders Association, TGJTA), as well as sales and advertising department (Department of trade and Promotion, DITP ), attracts buyers from USA, Europe, Russia, China, South America, Southeast Asia and the Middle East.
Fair in Bangkok designed primarily to maintain and develop the industry of gems and jewelry in Thailand on the global markets. In 2015, the industrial sector in the country amounted to $ 6.6 billion, causing a significant contribution to the export earnings of Thailand.
More than 3,500 booths will be presented at the exhibition. Customers will be able to take part in various events, including a fashion show and auction.
In addition, the fair will be held a seminar on the solution to the crisis in marketing in the Middle East and the Symposium on rubies.
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